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So, we got past Yellen and her FOMC cronies. The "plan" they say, is to start taking down their balance sheet in October, an exercise that will last a long long time. We also learned that 12 of 16 Fed heads still favor another rate hike this year.

Hello all, it's yet another Friday. I don't know how they can appear so quickly, but indeed this one has already arrived.

Yesterday, there was no bounce, but there wasn't any real washout either. When the final bell rang, we had the DOW off 28 and the S&P down 5. I think they're all focused on Jackson Hole and all the big movers and shakers that are speaking there.

Anyone that’s been reading our letters for any amount of time, knows that we don’t try and sell you things. We don’t sell our Email list, we don’t even have advertisements in our letters. I’ve been approached a hundred times or more by various outfits, asking to be on our mailing list, and I’ve never done it.

Hello everyone, we've made it to another Friday, as they just seem to roll on by so fast.

As I mentioned several times yesterday, we had a 2 man crew at my Mom's house to replace an aging air conditioner system. It truly was a breath of fresh air to see two young men that were conscientious, polite, knowledgeable, able and thorough. It was a big job, and took all day, but when they were done, not only did it work better than we had hoped, the installation looked like it could be the centerfold for "how to do things right". I was duly impressed.

NOTE>> As I warned the other day, I'm going to be a bit distracted today, as we have a crew coming to my mom's house to replace her entire A/C system, including adding more ducting and returns. It's a pretty big job and I'll be there to keep an eye on things. Of course I'll be on line, and doing my thing, I'm just suggesting that I could be off on timing of my updates, etc.

Today's free investment newsletter is posted and in the commentary section, we discuss Robert David Steele's concept that Trump was an accidental win, and he never really wanted it. I don't agree with that at all, and we discuss how everything that's happening from the refugee's in Europe, to the dumbing down of our kids, to the push for ever more sex on kids, it's all connected. It's all by plan.

I know, it sounds odd, but it's not.

Then in the market section of the letter, we discuss the big blast back to all time highs on the DOW, and how it was all because Janet Yellen's prepared statement to Congress was quite a bit more "dovish" than anyone expected, and the Algo-bots locked onto that like a lazer and drove us higher. The question is... was it a one day wonder, or is there more to come? It's a good discussion.

Yesterday was simply a nothingburger. After an entire session of ups and downs, we ended the day with the DOW down 6, the S&P up 2. Yawn. Zzzzz. Yes there was some pockets here and there, like Amazon who was up because of their "prime day" and running huge sales for 30 hours. But overall it was a pretty boring session

Good morning everyone, welcome back from your weekend. As always I hope it was a really good one for you all.

Mine was fair to middlin. As you know I'm an MMA fan, and there was free fights on Friday night to watch, that's good. Then Saturday evening there was a pay per view MMA show with more free preliminaries. That was good too. The issue came up on Sunday however, as after church the wife and "thought" we were going biking to the beach. HA! At 12:30 we started hearing rumbles and sure enough by 1 pm, it was raining sideways and lightening was flying.